Business

African Business News: Latest Updates, Deals, and Market Trends

Stay ahead with the latest African business news, covering major deals, corporate movements, economic trends, and investment opportunities shaping the continent. At Shore Africa, we deliver timely and insightful reporting on the companies, industries, and leaders driving growth across Africa’s rapidly evolving business landscape.

From high-profile acquisitions and cross-border investments to emerging startups and policy shifts, our business coverage is designed to keep investors, entrepreneurs, and decision-makers informed. Whether it’s developments in banking, energy, fintech, manufacturing, or consumer markets, we break down complex stories into clear, actionable insights.

Recent highlights include major transactions such as the Minkama Capital takeover of Chococam in Cameroon, alongside broader coverage of Africa’s expanding private equity activity and strategic corporate restructuring across key markets. These stories reflect a wider trend of increasing investor confidence and deal-making momentum across the continent.

Our African business news section also tracks macroeconomic shifts, including inflation trends, currency movements, and government policies that impact businesses and investors. By connecting these developments to real-world corporate outcomes, we help you understand not just what is happening, but why it matters.

Explore our latest business stories below to stay informed on Africa’s most important commercial developments. For deeper insights, you can also read our coverage on:

Whether you are an investor, founder, or business enthusiast, this page serves as your hub for the latest business news in Africa.

Latest Business News

Public Investment Corporation boost holdings in Northam Holdings to $469 million

Public Investment Corporation increased its stake in Northam Holdings, reinforcing confidence in South Africa’s platinum group metals (PGM) sector.

Feyisayo Ajayi Feyisayo Ajayi

Capitec Bank: South Africa’s $19 billion retail banking giant with 22.1 million customers

Founded in 2001, Capitec has grown into Africa's largest retail bank by market size, assets, and customer base.

Omokolade Ajayi Omokolade Ajayi

Top ten Africa’s biggest insurance companies

Africa's top insurance companies drive innovation, expand markets, and address local needs in a rapidly growing industry.

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Abdul Samad Rabiu made $816.7 million from his stake in BUA Foods in 2024

Rabiu’s BUA Foods stake rose $816.66 million in 2024, hitting $4.48 billion despite Nigeria’s 41.5% naira devaluation and economic headwinds.

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7 African mining giants facing unprecedented challenges

Global mining giants face declining prices, rising costs, and sustainability demands, reshaping strategies to ensure long-term resilience.

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Inside $1.5 billion fintech backed by Africa’s first Black billionaire, shaping the future of global finance

Operating in South Africa, the Philippines, and soon Vietnam, Tyme Group has redefined the banking landscape for emerging markets.

Omokolade Ajayi Omokolade Ajayi

Vodafone Kenya’s holdings in Safaricom gains $714.4 million in 2024

Safaricom leads NSE with $5.27 billion market cap, driving Vodafone Kenya's $714.39 million portfolio gain in 2024.

Feyisayo Ajayi Feyisayo Ajayi

Top 3 biggest institutional investors in Resilient REIT makes $78.4 million in 2024

PIC, Delsa, and Resilient secured $78.4 million gain in 2024 as Resilient REIT shares surge 30.7% on JSE.

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Top 7 Africa’s biggest Asset Managers to watch out for in 2025

Africa’s leading asset managers drive growth through diversified investments, focusing on sustainable strategies and expanding local market influence.

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